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Property profile & analytics
OFF-MARKET
Estimated value
$4,435,000
Showrooms
151 18th Ave Delray Beach, FL 33444-1685
Entity Owned
Free & Clear
Property ID
US18-3569288
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1952
Construction
CONCRETE
Total area
14,700 SF
Lot
1.73 ac (75,250 SF)
Zoning code
MIC
APN
12-43-46-18-00-000-1150
UPID
US18-3569288
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Suncoast Stone Inc Building Supply
-
Furi Development LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.41M
CAP Approach
CAP
$3.90M
Comparable Approach
Comparable
$4.98M
Blend (final)
Blend
$4.44M
Owner & transaction history
151 Nw 18th Ave Delray Beach LLC
151 Nw 18th Ave Delray Beach LLC
since 2025
Last sale
$5.5M
5 recorded transactions
Zoning & alternative use
MIC · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Mixed Industrial and Commercial (MIC) District is created to provide for a mix of industrial, commercial, and office use in a single zoning district. The uses allowed are intended to enhance employment opportunities in the industrial, manufacturing and trade sectors, with supporting business and professional office functions. Retail uses are appropriate…
Zone name
Mixed Industrial And Commercial
General category
INDUSTRIAL
Zone area
106.12 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Delray Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delray Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,340,000
ML approach
$3,405,000
CAP Approach
CAP Return
Estimation
6%
$4,225,000
6.5%
$3,900,000
7%
$3,625,000
Blend value · Realmo final
$4.44M
Range $3.99M – $4.88M · ±10% · vs last sale $5.50M (Jul 13 2025)
Last sale anchor
$5.50M
Jul 13 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$302 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$50,936
Tax year 2023
Assessed value
$2,431,918
Assessed 2023
Previous assessed
$1,916,656
+26.9% YoY
Effective rate
2.09%
On assessed value
Assessed land
$1,053,500
Assessed improvement
$1,378,418
Land market value
$1,053,500
Improvement market value
$1,378,418
Total market value
$2,431,918
Applied tax rate
12,987.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Total area
14,700 SF
Lot
1.73 ac (75,250 SF)
Zoning code
MIC
APN
12-43-46-18-00-000-1150
UPID
US18-3569288
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MIC · Delray Beach, FLZoning MIC · permitted uses
MIC · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Mixed Industrial and Commercial (MIC) District is created to provide for a mix of industrial, commercial, and office use in a single zoning district. The uses allowed are intended to enhance employment opportunities in the industrial, manufacturing and trade sectors, with supporting business and professional office functions. Retail uses are appropriate on a limited basis, and only as a secondary use within the district
Zone name
Mixed Industrial And Commercial
General category
INDUSTRIAL
Zone area
106.12 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1952
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
151 Nw 18th Ave Delray Beach LLC
Entity
Free & Clear · 0 yrs held
Mailing address
466 E BRIGHTON AVE, SYRACUSE, NY 13210-4144
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2025
$5,500,000
151 Nw 18th Ave Delray Beach LLC
One Remington LLC
Warranty Deed
—
Nov 1, 2022
$3,300,000
One Remington LLC
Nw 18 Th Avenue LLC
Special Warranty Deed
$2,932,500 · South State Bank NA
Sep 22, 2006
—
Nw 18th Avenue LLC
Singer,allen & Elaine
Warranty Deed
—
Feb 14, 2005
—
Bruce E Evans
Evans Robert B Trust
Quit Claim Deed
related
—
Jul 8, 2004
—
Evans Robert B Trust
Evans,robert
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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